GENERAL AWARENESS PRACTICE MCQs FOR ALL BANK EXAMS

1. ICICI has recently launched its mobile banking service called mobile money with which of the following public service providers?
1) Vodafone
2) Aircel
3) Airtel
4) Tata Docomo
5) None of these

2. GDP growth in 2014-15 is estimated at ______ per cent year-on-year.
1) 5.4 - 5.9
2) 5.6 - 5.9
3) 5.4- 5.6
4) 4.5 -4.9
5) 4.6 -4.9

3. Development of new airports in ____ cities will be launched for implementation through Airport Authority of India or PPPs.
1) Tier I and Tier II
2) Tier II and Tier III
3) Tier I and Tier III
4) Tier I and Tier IV
5) Tier I and Tier V

4. The security which is a claim on the government and is a secured financial instrument guarantees certainty of both capital and interest is called?
1) Gilt-Edged Security
2) Call Money
3) Treasury Bills
4) Certificate of Deposits
5) All of these

5. Income Tax Deduction limit under Section 80-C raised to _______ .
1) Rs 1.5 lakh
2) Rs 1.6 lakh
3) Rs 1.7 lakh
4) Rs 2.5 lakh
5) Rs 2.6 lakh

6. Who is appointed as 41st Chief Justice of India?
1) Dr. Harsh Kumar Bhanwala
2) Rajendra Mal Lodha
3) S.K.Roy
4) J. M. Shanti Sundharam
5) Shashikanth Sharma

7. Govt. proposes to launch ___ programme to ensure broad band connectivity at village level.
1) Digital India
2) Satellite India
3) Broadband India
4) Smart India
5) New India

8. Who is the Leader of the Opposition of Rajya Sabha?
1) Gulam Nabi Azad
2) Sonia Gandhi
3) Rahul Gandhi
4) Ambica Soni
5) None of the above

9. Who is the author of the book "Gandhi before India"?
1) Ravindranath Tagore
2) Ramchandra Guha
3) A.P.J Abdul kalam
4) Pele
5) Sunaina Singh

10. The Euro is not used in which of the following countries?
1) Germany
2) Italy
3) France
4) Norway
5) None of these

11. Who won the Indian Premier League (IPL) - 2014 ?
1) Rajasthan royals
2) Punjab kings
3) Chennai super kings
4) Kolkata Knight Riders
5) Sun rises

12. Which of the following relationship is incorrect in case of Locker facility:
1) Lessor- Lessee
2) Landlord-Tenant
3) Bailor-Bailee
4) Licensor- Licencee
5) None of these

13. Largest shareholder (in percentage shareholding) of a nationalized bank is ____
1) RBI
2) NABARD
3) LIC
4) Govt. of India
5) IBA

14. RBI recently issued draft guidelines for implementation (BBPS) of an "any time -any where" bill payment system. What does BBPS stands for:
1) Barath Bill Payment Serves
2) Barath Bill Payment System
3) Barathiya Bill Payment system
4) British Bill payment System
5) None of these

15. Most important small scale industry of India is ___
1) Agarbatti
2) Paper industry
3) Handloom
4) All the above
5) None of these

16. Project Namaskar launched by which bank as a part of financial inclusion __
1) PNB
2) BOI
3) BOB
4) SBI
5) None of these

17. SEBI on 19th March 2014 inaugurated its local office at?
1) Pune
2) Shimla
3) Ranchi
4) Bhopal
5) Delhi

18. Madhya Pradesh Government's financial inclusion model is ____
1) Vihari
2) Samriddhi
3) Paripurna
4) Akhshara
5) None of these

19. Which bank opened CSP (Customer Service Point) to extend financial inclusion targeting urban poor?
1) Andhra bank
2) SBI
3) SBH
4) Canara bank
5) Corporation bank

20. RBI pays interest on CRR balances of banks at _____.
1) Bank Rate
2) Repo Rate
3) Bank Rate minus 2%
4) Zero %
5) 5%

21. Statutory Liquidity Ratio (SLR) can be maintained in the following ways?
1) Cash
2) Gold
3) Unencumbered approved securities
4) All of these
5) None of the above

22. The Rate at which the domestic currency can be converted into foreign currency and vice-versa is known as the
1) Domestic Rate
2) Exchange rate
3) Bank rate
4) Fixed rte
5) None of these

23. Which credit card company has tied up the Railways to issue a credit cum loyalty card?
1) ICICI Cards
2) SBI Cards
3) ABN Amro Cards
4) Citibank
5) SBH cards

24. Who has won the 2014 Templeton Prize?
1) Dalai Lama
2) Desmond Tutu
3) Tomas Halik
4) Aung San Su Kyi
5) None of these

25. Which Indian shooter clinched a silver medal at the ISSF World Cup in Fort Benning, USA in March 2014?
1) Chain Singh
2) Pooja Ghatkar
3) Rahi Sarnobat
4) Heena Sidhu
5) None of these

26. Abdel Fattah el-Sisi became the President of which of the following countries in June 2014?
1) Yemen
2) Egypt
3) Iran
4) Libya
5) Syria

27. "The Substance and The Shadow" is the autobiography of which of the following actors?
1) Dev Anand
2) Rajesh Khanna
3) Dilip Kumar
4) Dharmendra
5) Aamir Khan

28. Bor Wildlife Sanctuary has been notified as the 47th Tiger Reserve of India. It is in?
1) Maharashtra
2) Odisha
3) Assam
4) Gujarat
5) Madhya Pradesh

29. Which team won the Deodhar Trophy Cricket recently in Visakhapatnam?
1) West Zone
2) North Zone
3) South Zone
4) Central Zone
5) East Zone

30. Which of the following countries honored Shah Rukh Khan with Officer of the Legion of Honor recently?
1) Germany
2) France
3) South Korea
4) Italy
5) UK

31. Rani-Ki-Vav, an 11th century step well was accorded the UNESCO World Heritage Site status. It is in?
1) Rajasthan
2) Madhya Pradesh
3) Gujarat
4) Uttar Pradesh
5) Haryana

32. Who won the gold medal in the World Rapid Chess championship in Dubai in June 2014?
1) Magnus Carlsen
2) Viswanathan Anand
3) Fabiano Caruana
4) Hikaru Nakamura
5) None of these

33. Who visited China in June 2014 to attend the events to mark the 60th anniversary of Panchsheel agreement?
1) Pranab Mukherjee
2) Hamid Ansari
3) Narendra Modi
4) Sushma Swaraj
5) Arun Jaitley

34. Who is the Union Minister of Consumer Affairs, Food and Public Distribution?
1) Anantha Kumar
2) Anant Geete
3) Ramvilas Paswan
4) Radha Mohan Singh
5) Jual Oram

35. Who has been appointed as the Governor of Gujarat?
1) Kesri Nath Tripathi
2) Om Prakash Kohli
3) Balram Das Tandon
4) Padmanabha Acharya
5) Ram Naik

36. Which city hosted the 6th BRICS Summit in July 2014?
1) Durban
2) Rio de Janeiro
3) Moscow
4) Fortaleza
5) Cape Town

37. Nay Pyi Taw is the capital of which of the following countries?
1) Bangladesh
2) Vietnam
3) Cambodia
4) Laos
5) Myanmar

38. Nadine Gordimer of South Africa passed away in July 2014. She was a winner of Nobel Prize in which of the following fields?
1) Physics
2) Peace
3) Literature
4) Chemistry
5) Economics

39. Which of the following became the 1000th site to be included in the UNESCO World Heritage Site List in June 2014?
1) Iguazu National Park, Argentina
2) Great Barrier Reef, Australia
3) Ruins of Loropeni, Burkina Faso
4) Preah Vihear Temple, Cambodia
5) Okavango Delta, Botswana

40. Petra Kvitova defeated which of the following players in the final to win the 2014 Wimbledon women's singles tennis title?
1) Serena Williams
2) Venus Williams
3) Eugenie Bouchard
4) Maria Sharapova
5) Li Na

ANSWERS:
1) 5; 2) 2; 3) 1; 4) 1; 5) 1; 6) 2; 7) 1; 8) 1; 9) 2; 10) 4;
11) 4; 12) 3; 13) 4; 14) 2; 15) 3; 16) 1; 17) 3 ; 18) 2; 19) 2; 20) 4;
21) 4; 22) 2; 23) 2; 24) 3; 25) 4; 26) 2; 27) 3; 28) 1; 29) 1; 30) 2;
31) 3; 32) 1; 33) 2; 34) 3; 35) 2; 36) 4; 37) 5; 38) 3; 39) 5; 40) 3;

GENERAL AWARENESS PRACTICE MCQs FOR ALL BANK EXAMS

1. The provisions of SARFAESI Act, 2002 can be applied while taking possession of goods ............ to the bank and selling them without intervention of the court and after observing the required formalities :
1) Pledged
2) Hypothecated
3) Assigned
4) Mortgaged
5) None

2. RBI performs diverse functions of the monetary and banking system. Select the incorrect one.
1) Supervision
2) Control
3) Development
4) Transacting banking business with the general public
5) None of these

3. As per the reports published by the International Monetary Fund (IMF) the developing economies across the world are holding a massive stockpile of foreign exchange reserves. Which of the following is/ are the resultant consequences of this type of stock pilings by various nations?
A) A trade imbalance (vast difference in value of imports/ exports) is generated between the developing and emerging economies and the rich countries. It is not, a healthy sign.
B) Many economists are of the opinion that these imbalances created the underpinning of the current global economic crisis.
C) This stockpiling is responsible not only for problems in trade balances but has also created a problem of money laundering.
1) Only A
2) Only B
3) Only C
4) Only A and B
5) All A, B and C

4. The Government of India has set up a special group to devise a long term pricing formula, so that it can cope with the prevailing global volatility in the prices of which of the following commodities?
1) Sugar
2) Paddy
3) Crude oil and petroleum
4) Gold
5) Pulses

5. Which of the following is not included in the core sectors of Indian economy?
1) Transport
2) Coal
3) Steel
4) Cement
5) Electricity

6. As we all know India has a three tier structure of tax administration. There are taxes levied by Central Government, State Governments and Local Governments. ....... is levied by the Local Government Bodies.
1) Value Added Tax
2) Coal tax
3) Service Tax
4) Land Revenue
5) Tax on water supply and drainage etc

7. RBI was instrumental in promoting some financial institutions and providing them with continuous flow of credit. Which of the following was not benefited?
1) NABARD
2) IDBI
3) SIDBI
4) HDFC
5) None of these

8. The Basel II Accord provides a spectrum of approaches from simple to advanced methodologies for the measurement of both .... and .... in determining capital levels.
1) credit risk, operational risk
2) currency risk, forex risk
3) regulatory, reputational risk
4) only (1) and (2)
5) None of these

9. Many times we see a term ‘PPP' in financial newspapers. One full form of it is "Private Public Partnership". What is an other version of the same also used in the financial world?
1) Perfect, Preferred and Protected
2) Point to Point Protocol
3) Power Point Presentation
4) Purchasing Power Parity
5) None

10. Who among the following is a famous Badminton Player?
1) Mary Kom
2) Saina Nehwal
3) Anjali Bhagwat
4) Sania Mirza
5) Mithali Raj

11. Which of the following is one of the most successful programmes under Bharat Nirman?
1) Pradhan Mantri Gram Sadak Yojana
2) Watershed Development
3) Rajiv Gandhi Grameen Vidyutikaran Yojana
4) Indira Awas Yojana
5) None of these

12. As we all know Mobile Banking is comparatively a new mode of banking all over the world. What is its status in India?
(A) The willingness to conduct banking through mobile devices is higher in India.
(B) About 4% of total m.com mere transactions have taken place in the first few months of the current fiscal year in India.
(C) Since RBI's permission is needed for offering mobile banking only two private banks are providing this service at present.
1) Only A
2) Only B
3) Only C
4) All A, B and C
5) None of these

13. Which of the following is / are true about the Pradhan Mantri Adarsh Gram Yojana (PMAGY) to be launched soon?
A) The scheme will be launched in one village of each district in Uttar Pradesh, Bihar and Rajasthan as a pilot project.
B) The scheme is only for villages where the 50 percent population is of Scheduled Castes.
C) An amount of Rs.1,00,000 crore is provided for the scheme out of which 50% will come as grant-in-aid from the UNO.
1) Only A
2) Only B
3) Only C
4) All A, B and C
5) None of these

14. The number of self help group members, to be financed by Urban Cooperative Banks, is within a range of:
1) 5 to 10 persons
2) 4 to 10 persons
3) 10 to 20 persons
4) 10 to 25 persons
5) None of these

15. Many times we hear about the "Banking Ombudsman", what is / are the major roles of same?
(A) Banking Ombudsman is a quasi judicial authority having powers to summon, the banks and the customers both in case of dispute.
(B) The banking Ombudsman are appointed by the President of India and are retired judges of the High or Supreme Courts.
(C) The decisions / judgments given by the banking Ombudsman cannot be taken to any court of justice as their decisions are last in case of bank related problems / disputes.
1) Only A
2) Only B
3) Only C
4) All A, B and C
5) None of these

16. Who amongst the following is the Union Home Minister at present?
1) Smriti Irani
2) Venkaiah Naidu
3) P. Chidambaram
4) Arun Jaitley
5) Rajnath Singh

17. As per RBI guidelines the operating framework for tracking frauds and dealing with them should be structured along the following tracks:
A) Detection and reporting of frauds
B) Corrective Action
C) Preventive and punitive action
D) Provision for capital punishment for the offenders.
1) Only (A), (B) and (C)
2) Only (B) and (C)
3) Only (A) and (C)
4) All of the above
5) None of these

18. The Reliance Power (R-Power) is working on four Hydropower projects in Arunachal Pradesh which are "Run-of-River" (R-O-R) type of projects. What is the main characteristic of ROR projects?
1) These projects are developed only in hilly areas. They can't be developed on plains
2) In these projects there is no need of storing the water in dams which is very costly.
3) In ROR projects the only requirement is to make a big reservoir and turn the flow of river in the direction in which we need it
4) ROR projects are three to four time costlier as compared to old patterned dam type of projects.
5) None of these

19. Which of the following countries is planning to launch its first Mars probe in near future?
1) China
2) Japan
3) India
4) Russia
5) USA

20. India recently inducted Airborne Warning And Control System (AWACS) platforms in its Air force. These sophisticated machines are supplied by which of the following countries?
1) Australia
2) Germany
3) Israel
4) Russia
5) USA

21. Which of the following pairs of countries are the signatories of a Gas pipeline deal christened as Peace Pipeline ?
1) Iran-Iraq
2) Iraq-UAE
3) Pakistan-Iraq
4) Pakistan-Iran
5) Pakistan-India

22. Famous Bhakra Nangal Dam is built on which of the following rivers?
1) Ganga
2) Narmada
3) Godavari
4) Krishna
5) Sutlej

23. According to the Census of India 2011, the most densely populated state among the following is
1) Uttar Pradesh
2) Bihar
3) West Bengal
4) Madhya Pradesh
5) None of these

24. With which of the following games 'Merdeka Cup' is associated?
1) Hockey
2) Golf
3) Football
4) Badminton
5) Lawn Tennis

25. Which of the following state governments, decided to have a ‘Mahila Court’ in every district of the state?
1) Tamilnadu
2) Andhra Pradesh
3) Karnataka
4) Delhi
5) Uttar Pradesh

26. Who amongst the following is the author of the book "Faith and Compassion"?
1) Arun Gandhi
2) Kuldeep Nayyar
3) Amit Chaudhury
4) Navin Chawla
5) None of these

27. Pankaj Advani has become the world's professional champion player of
1) Badminton
2) Tennis
3) Golf
4) Chess
5) None of these

28. We hear a term "Carbon Foot Print" these days very frequently. What does it indicate?
(A) The amount of carbon dioxide released in the atmosphere every day by an electronic gadget / organization or even by an individual.
(B) The quantity of CO2 released when one ton of air recycled by an Air conditioner, during every hour of its functioning.
(C) The quantity of all green house gases put together required to maintain the temperature of the environment at a fixed level of 30°C at nodal points in a country.
1) Only A
2) Only B
3) Only C
4) All A, B and C
5) None of these

29. The letter ‘D’ stands for which of the following in the abbreviated name OECD? (Organisation of Economic Cooperation and ...... )
1) Defence
2) Direction
3) Dominance
4) Development
5) Devaluation

30. Which of the following books is NOT written by Doris Lessing?
1) The Golden Note Book
2) Memoirs of a Survivor
3) The City of Joy
4) The Summer Before the Dark
5) The Fifth Child

31. Which book is written by Dr.A.P.J. Abdul Kalam?
1) India My Dream
2) My Presidential Years
3) My Story
4) Sunny Days
5) Discovery of India

32. Who among the following is the Minister of External Affairs in India at present?
1) Dr. Murali Manohar Joshi
2) Arun Jaitley
3) Nitin Gadkari
4) Ashok Gajapathi Raju
5) Sushma Swaraj

33. Which scheme launched by the Govt. of India allows the poor open bank accounts which will come with the facility of a debit card and an insurance cover of Rs.1 lakh?
1) Swabhimaan
2) Swavalamban
3) Saral
4) Sahaj
5) Jan Dhan Yojana

34. Which of the following is the name of a country?
1) Kwanza
2) Chad
3) Krone
4) Ruble
5) Rula

35. Which of the following terms is NOT used in the game of cricket?
1) Short Leg
2) Silly Point
3) Follow on
4) Leg Before Wicket
5) Gambit

36. Which of the following is the Capital of Manipur?
1) Kohima
2) Imphal
3) Guwahati
4) Shillong
5) Puri

37. Which of the following is NOT a direct tax?
1) Income Tax
2) Sales Tax
3) Value Added Tax
4) Excise Duty
5) Education Cess

38. What is Repo Rate at present?
1) 7%
2) 7.5%
3) 8%
4) 8.5%
5) None of these

39. Which of the following is a vegetable?
1) Maize
2) Castor
3) Groundnut
4) Spinach
5) Sweet Lime

40. The World Environment Day is observed on .........
1) 5th November
2) 5th June
3) 15th August
4) 25th December
5) 12th December

ANSWERS:
1-2, 2-4, 3-5, 4-3, 5-1, 6-5, 7-4, 8-1, 9-4, 10-2,
11-1, 12-2, 13-2, 14-3, 15-1, 16-5, 17-1, 18-1, 19-3, 20-3
21-4, 22-5, 23-2, 24-3, 25-4, 26-4, 27-3, 28-3, 29-4, 30-3
31-1, 32-5, 33-5, 34-2, 35-5, 36-2, 37-2, 38-3, 39-4, 40-2

GENERAL AWARENESS PRACTICE QUESTIONS FOR SBI P.O.EXAM 2014

1. 'Pradhan Mantri Jan Dhan Yojana' (PMJDY) launched by Prime Minister of India on 28 August 2014. The theme of the scheme is ....
1) Bringing more people under financial inclusion
2) Providing cash subsidy to farmers
3) Creating awareness about the value of money encouraging people to buy gold
4) Providing cash to people to participate in Mutual Funds market
5) None of above

2. What is the tag line of 'Pradhan Mantri Jan Dhan Yojana'?
1) Hamara Khatha Hamara Swabhiman
2) Khatha Kholo, Paisa Bachao
3) Mera Khatha Bhagya Vidhata
4) Hamara Khatha Bhagya Vidhata
5) Sab ka Khata Sab ka Vikas

3. 'Pradhan Mantri Jan Dhan Yojana' (PMJDY) is the dream project of the central Government provides ......
1) At least one bank account to every house hold
2) Bank account with locker facility to keep the valuables of people
3) One bank account to every house hold and ask the bank to enroll the minor names to open the account in future
4) None of above
5) All of above

4. How many crore people cover under Jan Dhan Yojana by January 26, 2015?
1) 1.5 crore
2) 4.5 crore
3) 7.5 crore
4) 90 lakh
5) 10.50 crore

5. How many no frill accounts opened under PMJDY on the day of launch?
1) 2.5 crore
2) 4.5 crore
3) 1.5 crore
4) 3.5 crore
5) None

6. Under PMJDY, every account holder will get a .......
1) RuPay debit card
2) Visa International debit card
3) Master Card debit card
4) EVM debit card
5) All of above

7. Issuing of KCC as RuPay Kisan Card also proposed under PMJDY. KCC stands for ......
1) Kisan Core Card
2) Kisan Call Card
3) Kisan Combo Card
4) Kisan Credit Card
5) None

8. The account holder under Jan Dhan Yojana, get how much life insurance cover, if the account open before 26 January, 2015?
1) Rs.5,000
2) Rs.10,000
3) Rs.80,000
4) Rs.70,000
5) Rs.30,000

9. After six months of satisfactory operations, the account holder would be eligible ...... overdraft facility under PMJDY.
1) Rs.5,000
2) Rs.15,000
3) Rs.25,000
4) Rs.35,000
5) None

10. While speaking on the occasion of launching of Jan Dhan Yojana, PM said .......
1) To eradicate poverty we have to get rid of financial untouchability.
2) Financial stability break the vicious cycle of poverty.
3) Once bank accounts open, the people connected with the economic system.
4) None of the above
5) All of above

11. Account given under Jan Dhan Yojana, also cover accidental insurance of up to ........
1) Rs.1 lakh
2) Rs.2 lakhs
3) Rs.5 lakhs
4) Rs.3 lakhs
5) None

12. PM declared, even through basic mobile phones by using USSD Platform the banking can be done and this facility facilitated by National Payments Corporation of India . USSD stands for .......
1) Unstructured Supplementary Service Data
2) Unstructured Supply Service Data
3) Unsaturated Supplementary Service Data
4) Unstructured Secondary Service Data
5) None

13. In order to make the programme PMJDY successful, at least 50000 Business Correspondents, more than 7000 branches and more than how many new ATMs will be established?
1) 10000
2) 200000
3) 45000
4) 20000
5) 75000

14. The earlier schemes of financial inclusion focussed on villages. The present PMJDY focus on .......
1) Employees
2) House wives
3) Rural youth
4) Urban slum dwellers
5) House holds

15. Under Phase I under PMJDY Universal access to banking, cover all house holds with at least one Basic Banking Account with RuPay debit card, providing insurance cover, linking DBT (Direct Benefit Transfer) Scheme provided. Phase I runs between .......
1) 15 August, 2014 to 14 August, 2015
2) 15 August, 2014 to 31 March, 2015
3) 15 August, 2014 to 31 August, 2015
4) 1 August, 2014 to 1 August, 2015
5) None

16. The Phase II of PMJDY (15th August, 2015 to 14th August, 2018) covers .......
1) Providing micro-insurance.
2) Unorganised sector Pension schemes like Swavalambana through the Business Correspondents.
3) All basic savings accounts opened will be shifted to PMJDY accounts.
4) Facility to buy immovable property through PMJDY accounts.
5) 1 & 2 only

17. As revealed by the World Bank President Jim Yong Kim, recently, which of the following
countries is the largest client for the World Bank Group? (The WB committed a total of $6.4 bn to the country during its last fiscal year.)
1) India
2) China
3) Brazil
4) Japan
5) None

18. In order to boost tourism, e-VISA to be introduced in a phased manner at how many airports in India in the next 6 months as announced by Finance Minister in the union budget 2014-15 ?
1) 18
2) 5
3) 4
4) 9
5) 25

19. In order to encourage people, to save more in rural areas, where the banking facilities are poor, KVP will be introduced again. KVP stands for .......
1) Kisan Village Patra
2) King Vikas Patra
3) Kisan Vikas Patta
4) Kisan Vikas Patra
5) None

20. Pradhan Mantri Krishi Sinchayee Yojana, to provide water to every irrigation land proposed with an outlay of ....... under budget 2014-15.
1) Rs.1000 crore
2) Rs.2000 crore
3) Rs.3000 crore
4) Rs.5000 crore
5) Rs.100 crore

21. In the recent budget 2014-15, the 'Swachh Bharat Abhiyan' proposed to bring total sanitation in India by 2019, the 150th birth anniversary of .......
1) Nehru
2) Sardar Vallabhai Patel
3) Indira Gandhi
4) Mahatma Gandhi
5) None

22. Rurban development model of urbanization of the rural areas will be introduced in the name of
........ mission.
1) Pandit Madan Mohan Malaviya
2) Mahatma Gandhi
3) Syamaprasad Mukherji
4) Deendayal
5) Jayaprakash Narayan

23. Which multi-skill programme proposed to train the youth with an emphasis on employability and entrepreneur skills?
1) Skill Develop
2) Skill under it
3) Skill India
4) Skill and Train
5) None

24. P.V. Sindhu of India won ....... medal in the concluded World Badminton Championship
2014 held between 25-31 August 2014 at Copenhagen, Denmark.
1) Bronze
2) Gold
3) Silver
4) She did not participate
5) She stood in the fourth place only

25. Star Sports Pro Kabaddi League won by ...... on 31 August 2014.
1) Patna Pirates
2) Bengaluru Bulls
3) Telugu Titans
4) Jaipur Pink Panther
5) U Mumbai

26. Captain of Jaipur Pink Panthers ........
1) Rajaguru Subramanian
2) Manjit Chillar
3) Navneet Gautam
4) Anup Kumar
5) Jasmer Singh

27. Which of the following team is not one of the participant of Kabaddi League?
1) Bengal Warriors
2) Telugu Titans
3) Bihar Big Brothers
4) Dabang Delhi
5) Bengaluru Bulls

28. Who host the Federation Cup in 2015?
1) Goa
2) Kerala
3) Jammu and Kashmir
4) West Bengal
5) None

29. Federation Cup in foot ball launched in 1977. The winner of Federation Cup in 2013 is .......
1) Churchill Brothers
2) Sporting Clube de Goa
3) Mohun Bagan
4) Mohammedan Sporting
5) ITI Bangalore

30. Zimbabwe ODI team defeated Australia cricket team on 31 August 2014. Who is the captain of Zimbabwe team?
1) Elton Chigumbura
2) Timycen Maruma
3) Sikandar Raza
4) Brian Vitalis
5) Brendan Taylor

31. Mars 2020 rover mission will be send by .....
1) CNES
2) RKA
3) NASA
4) ISRO
5) None

32. According to the first edition of the BrandZ Top 50 Most Valuable Indian Brands ...... stood with a brand value of $9.4 bn is India's most valuable brand ........
1) HDFC Bank
2) TATA
3) Airtel
4) RIL
5) ONGC

33. India's Gross Domestic Product (GDP) grew at what percent during Apr-Jun 2014 first quarter, the highest in the last 10 quarters?
1) 7.3%
2) 5.0%
3) 4.1%
4) 5.7%
5) 7.7%

34. Vistara is the joint venture airlines of ......
1) Tata-Malaysian Airlines (SIA)
2) Tata-Singapore Airlines (SIA)
3) Tata-Australia Airlines (SIA)
4) Tata-Jet Airlines (SIA)
5) None

35. Central Government revised investment target for Dedicated Freight Corridor (DFC) from Rs.27,000 crore to .......
1) Rs.30,000 crore
2) Rs.40,000 crore
3) Rs.80,000 crore
4) Rs.90,000 crore
5) None

36. To which language people, Jammu and Kashmir legislative Assembly provided 5% reservation by amending the Jammu and Kashmir Reservation Act, 2014?
1) Urdu
2) Hindi
3) Persian
4) English
5) Pahari

37. Conference on Interaction and Confidence Building Measures in Asia (CICA) is a multi-national forum for peace, security and stability in Asia. The fourth CICA summit was held at .......
1) Istanbul
2) Astana
3) Shanghai
4) Ankara
5) None

ANSWERS:
1-1, 2-3, 3-1, 4-3, 5-3, 6-1, 7-4, 8-5, 9-1, 10-5
11-1, 12-1, 13-4, 14-5, 15-1, 16-5, 17-1, 18-4, 19-420-1
21-4, 22-3, 23-3, 24-1, 25-4, 26-3, 27-3, 28-3, 29-1, 30-1
31-3, 32-1, 33-4, 34-2, 35-3, 36-5, 37-3

BANKING AWARENESS PRACTICE QUESTIONS FOR ALL BANK EXAMS

1. Which of the following statements is incorrect in respect of banking sector, as per the decision taken in Parliament recently?
a) The RBI will create framework for licences of small banks
b) Every panchayat to have at least one small bank by 2019
c) Banks to be permitted to raise long - term funds to lend to infrastructure with minimum regulations
d) Public sector banks need 2.40 lakh cr enquiries to conform to Basel -III norms by 2018
e) Banks capital to be raised through retail sale of shares while the Govt. to continue to hold majority in PSU banks

2. Which of the following Public Sector under takings are conferred the Navratna status by Department of Public Enterprises?
a) Engineers India Limited (EIL)
b) National Building Construction corporation Limited (NBCC)
c) Antrix corporation Limited
d) All of the above
e) Only a and b

3. Which of the following banks has become the biggest employer in the private banking space with
more than 72,000 employees in 2013-14?
a) ICICI Bank
b) HDFC
c) Kotak Mahindra Bank
d) Axis Bank
e) None of these

4. CRR for non- scheduled urban co-operative banks (UCBs) increased to what percent of their
total demanded and time liabilities recently?
a) 3 percent
b) 4 percent
c) 4.5 percent
d) 4.75 percent
e) None of these

5. Punjab National Bank has launched ____ scheme for popularization of education among
girls of Rural/ Semi urban areas.
a) PNB -EDUCHILD
b) PNB - SHIKSHA
c) BALIKA - SHIKSHA
d) 'PNB Ladli'
e) None of these

6. The RBI started issuing its credit policy bi-monthly on the recommendation of which of the following committees?
a) Shome committee
b) Urjit patel committee
c) HR Khan committee
d) KC Chakra arty
e) None of these

7. The operation of the following entities do not come under the purview of the RBI as of now,
despite accepting deposits and giving loans?
a) Regional Rural banks
b) Cooperative credit societies
c) Payments banks
d) Non - Banking Financial companies
e) Development banks

8. With respect to loans, a time period during the loan term when the borrower is not required to make any repayment, is termed as
a) Provisioning
b) Moratorium
c) Sanction
d) Limitation
e) Probation

9. What is the initial minimum deposit required for opening a Basic Saving bank Deposit
Account (BSBDA) with a bank?
a) 200
b) 500
c) 700
d)1000
e) No initial deposit required

10. Which country agreed to provide a one- billion - Euro credit line to India over the next three years?
a) UK
b) Germany
c) Switzerland
d) France
e) None of these

11. ARM loan means:
a) Adjustable Rate Mortgage loan
b) Adjustable Reverse Mortgage loan
c) Adjustable Retail Mortgage loan
d) None of the above
e) Any of the above

12. Which of following agencies/ organization in India maintains the Micro finance development fund?
a) SIDBI
b) SBI
c) NABARD
d) PNB
e) ICICI

13. RBI in regard to RTGS has decided that ___
a) RTGS would be accessible to all retail customers
b) There would be no floor ceiling for routing transactions through RTGS
c) Settlement of transactions of the clearing corporation of India and the stock market would be conducted through RTGS
d) All of these
e) None of these

14. As per KYC Policy, the list of terrorist organizations is supplied to the bank by the
a) Government of India
b) CIBIL
c) IBA
d) RBI
e) All of these

15. Merchant banking in India is governed by ___
a) SEBI
b) RBI
c) IRDA
d) Ministry of finance
e) None of the above

16. If you wish to purchase US dollars to travel abroad, you will approach ___
a) Ministry of finance
b) US embassy
c) Any bank branch authorized for such activity
d) RBI
e) External affairs ministry.

17. Insurance service provided by various banks is commonly known as ___
a) Investment banking
b) Portfolio management
c) Merchant banking
d) Banc assurance
e) None of these

18. Open market operations of RBI refer to buying and selling of ___
a) Commercial bills
b) Foreign exchange
c) Gold
d) Government bonds
e) None of these

19. The functions of the lead bank are performed by ___
a) SBI
b) RBI
c) Any bank
d) A bank designed for this purpose
e) None of these

20. The head office of the Punjab National Bank (PNB) is located in which of the following cities?
a) Mumbai
b) Amritsar
c) New Delhi
d) Chandigarh
e) None o f these

21. Which of the following terms is NOT used in banking/ finance?
a) Public Debt
b) Plasma
c) Joint venture
d) Net demand and time liability
e) Treasury bill

22. The Reserve Bank of India does NOT decide the ___
a) Rate of Repo and Reserve Repo
b) Marginal standing Facility Rates
c) Bank Rate
d) Rate of Dearness Allowance for Government Employees
e) Statutory Liquidity Ratio

23. Which of the following Mills have got Rs.14000 Cr interest free loans so far, as against Rs.
6000 Cr approved by central Government?
a) Cash Starved Sugar Mills
b) Sick Units of SME
c) DBR Cotton Mills
d) Suraj Cotton Mills
e) Cash Starved Oil Mills

24. What is the amount of Accident Insurance Cover provided under Jan Dhan Yojana recently launched by the Prime Minister?
a) Rs 1,00,000/-
b) Rs 50,000/-
c) Rs 30,000/-
d) Rs 20,000/-
e) None of the above

25. The Cooperative banks consist of a three - tier structure. Which of the following is not included in that structure?
a) Primary Agricultural Credit Societies (PACS) in the villages,
b) Central Co-operative Banks at the district level (DCCBs)
c) State Cooperative Banks at the state level (St CBs)
d) Farmers service Cooperative Societies (FSCS)
e) Only a, b and c

26. Which of the following banks are not insured by the DICGC?
a) All commercial banks including branches of foreign banks functioning in India
b) Local area banks and regional rural banks
c) Urban cooperative banks, functioning in States
d) Primary cooperative societies are not insured by the DICGC
e) All of the above

27. The security which is a claim on the government and is a secure financial instrument guarantees
certainty of both capital and interest is called ___
a) Gilt-Edged Security
b) Call Money
c) Treasury Bills
d) Certificate of Deposits
e) All of the above

28. The minimum maturity period for Commercial Paper (CP) is _____ days.
a) 14
b) 30
c) 45
d) 7
e) 365

29. NIXI stands for:
a) National & International Exchange of India
b) National Internet Exchange of India
c) Notional Inter Exchange interest
d) National and Intellectuals Exchange of India
e) None of the above

30. Nomination facilities are applicable to which accounts?
a) Deposit Accounts
b) Articles in Safe Custody/ Deposit
c) Locker Accounts
d) Cash Credit Accounts
e) a, b and c

ANSWERS:
1) b; 2) e; 3) a; 4) b; 5) d; 6) b; 7) b; 8) b; 9) e; 10) d;
11) a; 12) c; 13) d; 14) d; 15) a; 16) c; 17) d; 18) d; 19) d; 20) c;
21) b; 22) d; 23) a; 24) a; 25) e; 26) d; 27) a; 28) d; 29) b; 30) e.

GENERAL AWARENESS PRACTICE QUESTIONS FOR SBI P.O EXAM

1. Who among the following is one of the Deputy Governors of the Reserve Bank of India?
1) Rakesh Sethi
2) R.K. Dubey
3) M. Narendra
4) Arun Kaul
5) S.S. Mundra

2. Which of the following films won the maximum number of awards at the 61st National Film Awards?
1) Kaphal
2) Jaatishwar
3) Bhaag Milkha Bhaag
4) Shahid
5) Ship of Theseus

3. Which of the following is the currency of Malaysia?
1) Rupiah
2) Won
3) Ringgit
4) Kyat
5) Baht

4. Who is the author of the book 'The Lowland'?
1) Salman Rushdie
2) Arundhati Roy
3) Cyrus Mistry
4) Jhumpa Lahiri
5) Jeet Thayil

5. Who won the Best Actor Oscar at the 86th Academy Awards?
1) Christian Bale
2) Bruce Dern
3) Leonardo DiCaprio
4) Bradley Cooper
5) Matthew McConaughey

6. Which major international championship was recently won by Indian shuttler Saina Nehwal?
1) Indonesian Open
2) Malaysian Open
3) Australian Open
4) World badminton championship
5) None of these

7. Which of the following is the Parliament of Maldives?
1) National Assembly
2) Majlis
3) Shura
4) Jirga
5) Sangosthi

8. Who is the present Women and Child Development Minister?
1) Smriti Irani
2) Uma Bharati
3) Nirmala Sitaraman
4) Maneka Gandhi
5) Kiron Kher

9. The capital of Lakshadweep is?
1) Port Blair
2) Silvassa
3) Kavaratti
4) Agati
5) Minicoy

10. Who among the following is the Speaker of the 16th Lok Sabha?
1) Thambidurai
2) Meira Kumar
3) Kamal Nath
4) Sumitra Mahajan
5) Harsimrat Kaur Badal

11. Who among the following is the Dronacharya Award winner in 2014 in Athletics?
1) Mahabir Prasad
2) N. Lingappa
3) G. Manoharan
4) Gurucharan Singh Gogi
5) Jose Jacob

12. Zeeshan Ali won the 2014 Dhyanchand Award in which of the following sports?
1) Tennis
2) Hockey
3) Swimming
4) Volleyball
5) Rowing

13. Abdulla Yameen is the President of which of the following countries?
1) Pakistan
2) Bangladesh
3) Maldives
4) Afghanistan
5) Iran

14. Who at present is the Chief of the Naval Staff of India?
1) N.K. Verma
2) D.K. Joshi
3) Arup Raha
4) Robin K. Dhowan
5) Dalbir Singh Suhag

15. Which country will host the 2020 Olympic Games?
1) Brazil
2) USA
3) UK
4) South Africa
5) Japan

16. With which sport is Jeetu Rai associated?
1) Shooting
2) Wrestling
3) Weightlifting
4) Archery
5) Rowing

17. Port Louis is the capital of which of the following countries?
1) Maldives
2) Mauritius
3) Malta
4) Vanuatu
5) Kazakhstan

18. Which of the following countries is not a member of ASEAN?
1) Malaysia
2) Indonesia
3) Philippines
4) Myanmar
5) Bangladesh

19. The Prime Minister Narendra Modi recently announced the scrapping of?
1) Finance Commission
2) National Development Council
3) Planning Commission
4) Inter State Council
5) None of these

20. Which of the following countries will host the 18th SAARC Summit in November 2014?
1) India
2) Pakistan
3) Sri Lanka
4) Nepal
5) Afghanistan

21. Biopics were recently made based on the life stories of which of the following sportspersons?
1) Milkha Singh
2) Mary Kom
3) Saina Nehwal
4) Both 1 and 2
5) None of these

22. Which of the following organizations is located in Montreal?
1) WTO
2) ICAO
3) WEF
4) IMF
5) UNICEF

23. With which language is author C. Radhakrishnan associated?
1) Kannada
2) Tamil
3) Malayalam
4) Telugu
5) Hindi

24. The pre-2005 banknotes can be exchanged till?
1) January 1, 2015
2) March 31, 2015
3) October 31, 2014
4) December 31, 2015
5) January 26, 2015

25. Bimal Jalan committee is related to?
1) Nonperforming assets
2) Payment Banks
3) Financial Inclusion
4) Interest rates on small savings schemes
5) Screening of new private bank licenses

26. Which of the following countries is not one of the top five medal winners at the 2014 Commonwealth Games?
1) England
2) Australia
3) Canada
4) Scotland
5) New Zealand

27. Narendra Modi's first official foreign visit after becoming the Prime Minister was to which of the following countries?
1) Japan
2) Brazil
3) Nepal
4) Bhutan
5) None of these

28. Identify the odd man out.
1) Financial Inclusion
2) Swabhiman
3) Jan Dhan Yojana
4) BSBDA
5) Swavalamban

29. Assembly elections were not simultaneously held along with the 16th Lok Sabha elections in which of the following States?
1) Andhra Pradesh
2) Odisha
3) Sikkim
4) Arunachal Pradesh
5) Nagaland

30. Which of the following teams won the 68th National Football Championship for Santosh Trophy?
1) Railways
2) Kerala
3) Mizoram
4) Services
5) Goa

31. Which of the following Cricket trophies/ cups was won by Pakistan in 2014?
1) Asia Cup
2) Under-19 Asia Cup
3) Under-19 World Cup
4) ICC Twenty20 World Cup
5) None of these

32. Who won the BNP Paribas Open tennis tournament men's singles title in March 2014?
1) Novak Djokovic
2) Roger Federer
3) David Ferrer
4) Andy Murray
5) Rafael Nadal

33. Which Indian writer won the Windham Campbell Literature Prize 2014 given by Yale University, USA?
1)Vijay Sheshadri
2) Jeet Thayil
3) Pankaj Mishra
4) Cyrus Mistry
5) Siddartha Mukherjee

34. Which of the following awards/ prizes was given to Chandi Prasad Bhatt in 2014?
1) Padma Shri
2) Padma Vibhushan
3) Rajiv Gandhi Sadbhavana Award
4) Jnanpith Award
5) None of these

35. With effect from August 9, 2014 what is the Statutory Liquidity Ratio?
1) 22.5%
2) 22%
3) 23%
4) 24%
5) 23.5%

36. The first Regional Rural Bank was established in the year?
1) 1982
2) 1976
3) 1975
4) 1979
5) 1983

37. The Union Budget for 2014-15 was presented by the Finance Minister Arun Jaitley on which of the following dates?
1) July 8
2) July 9
3) July 10
4) July 11
5) July 12

38. As per the Economic Survey, what is the Gross Domestic Product growth for 2013-14?
1) 4.3%
2) 4.7%
3) 4.4%
4) 4.5%
5) None of these

39. Which of the following days is celebrated on January 12?
1) Pravasi Bharatiya Divas
2) National Science Day
3) National Sports Day
4) National Youth Day
5) Navy Day

40. Which of the following is an apex development bank with a mandate for facilitating credit flow for promotion and development of agriculture and cottage and village industries?
1) RBI
2) SIDBI
3) NHB
4) NABARD
5) HDFC

ANSWERS:
1) 5; 2) 2; 3) 3; 4) 4; 5) 5; 6) 3; 7) 2; 8) 4; 9) 3; 10) 4;
11) 2; 12) 1; 13) 3; 14) 4; 15) 5; 16) 1; 17) 2; 18) 5; 19) 3; 20) 4;
21) 4; 22) 2; 23) 3; 24) 1; 25) 5; 26) 5; 27) 4; 28) 5; 29) 5; 30) 3;
31) 5; 32) 1; 33) 3; 34) 5; 35) 2; 36) 3; 37) 3; 38) 2; 39) 4; 40) 4;

GENERAL AWARENESS PRACTICE QUESTIONS FOR ALL BANK EXAMS 2014

1. Who amongst the following is the captain of the Indian Cricket Team these days?
1) Sachin Tendulkar
2) Harbhajan Singh
3) M.S. Dhoni
4) Saurav Ganguly
5) None of these

2. Sanjay Leela Bhansali is a well known film personality. He is associated with:
1) Film Acting
2) Music Direction
3) Direction
4) Playback Singing
5) Screenplay Writing

3. Midnapur is a City in:
1) Orissa
2) Haryana
3) Punjab
4) Bihar
5) None of these

4. Mysore is in which of the following states of India?
1) Andhra Pradesh
2) Tamilnadu
3) Kerala
4) Maharashtra
5) None of these

5. Which of the following is a good source of Vitamin A?
1) Yellow fruits
2) Milk
3) Pulses
4) Fish
5) None of these

6. Who amongst the following is NOT a cricket player?
1) M.S. Dhoni
2) Sachin Tendulkar
3) Shane Warne
4) Muttiah Murlitharan
5) Vishwanathan Anand

7. Selection for Indian Administrative Service and Indian Foreign Services is done by:
1) Staff Selection Commission (SSC)
2) Short Service Commission (SSC)
3) Union Public Service Commission (UPSC)
4) University Grants Commission (UGC)
5) None of these

8. Irani Trophy is associated with which of the following games?
1) Football
2) Hockey
3) Cricket
4) Badminton
5) None of these

9. Which of the following is an Asian country?
1) Israel
2) Fiji
3) Argentina
4) Portugal
5) Italy

10. Head Office of the Reserve Bank of India is in:
1) New Delhi
2) Kolkata
3) Hyderabad
4) Chennai
5) Mumbai

11. Sania Mirza is associated with the game of?
1) Lawn Tennis
2) Table Tennis
3) Badminton
4) Golf
5) Basketball

12. Who amongst the following is the Finance Minister in the Union Cabinet of India at present?
1) Dr. Manmohan Singh
2) Mr. P. Chidambaram
3) Mr. Arjun Singh
4) Dr. C. Rangarajan
5) None of these

13. Which of the following books is written by V. S. Naipual?
1) A Train to Pakistan
2) A House for Mr. Bishwas
3) A Tale of Two Cities
4) Tale of Two Sisters
5) None of these

14. Which of the following taxes is NOT collected by the Union Government?
1) Income Tax
2) Service Tax
3) Custom Duty
4) Corporate Tax
5) Octroi

15. ‘Sunny Days’ is a book written by:
1) Kapil Dev
2) Sachin Tendulkar
3) Sunil Gavaskar
4) Saurav Ganguly
5) None of these

16. Leander Paes is a famous:
1) Badminton Player
2) Golf player
3) Rifle Shooter
4) Swimmer
5) Tennis Player

17. Which of the following is NOT a planet?
1) Mercury
2) Moon
3) Venus
4) Jupiter
5) Saturn

18. Which of the following cities in India is known as Silicon Valley?
1) Hyderabad
2) Kolkata
3) Mumbai
4) New Delhi
5) Bangalore

19. 'The God of Small Things' is a book written by:
1) Arundhati Roy
2) Salman Rushdie
3) Khushwant Singh
4) Anita Desai
5) None of these

20. Which of the following car companies manufacture Scorpio Cars, a popular brand of cars in india?
1) Tata Motors
2) Maruti Udyog Ltd
3) Mahindra & Mahindra Ltd.
4) Hindustan Motors Ltd.
5) None of these

21. Who amongst the following is the present Union Minister for Petroleum in India?
1) Arjun Singh
2) Pranab Mukherjee
3) Ram Vilas Paswan
4) Murli Deora
5) None of these

22. Yoweri Museveni is the:
1) Prime Minister of Afghanistan
2) President of Afghanistan
3) President of Kuwait
4) President of Uganda
5) None of these

23. Which of the following is the Reserve Repo Rate at present?
1) 4%
2) 4.5%
3) 5%
4) 6.5%
5) None of these

24. Thimphu is the capital of:
1) Bhutan
2) Sikkim
3) China
4) Nepal
5) Myanmar

25. Operation Flood is associated with the production of:
1) Wheat
2) Rice
3) Milk
4) Oil
5) Iron and steel

26. Who amongst the following issues the certificates to the films released in India?
1) Children's Film Society
2) Films Division
3) Censor Board
4) Ministry of HRD
5) None of these

27. Which of the following is a private sector bank in India?
1) State Bank of India
2) Bank of Baroda
3) Punjab National Bank
4) HDFC Bank
5) All are private banks

28. Which of the following is known as the Pink City of India?
1) Kolkata
2) Jaipur
3) Lucknow
4) Bangalore
5) None of these

29. Booker Prize is given for contribution in the field of:
1) Literature
2) Sports
3) Politics
4) Cinema
5) None of these

30. Which of the following is a computer language?
1) Java
2) Microsoft
3) IBM
4) HCL
5) None of these

31. 'H' in 'BHEL' represents which of the following?
1) Hindustan
2) Heavy
3) Historical
4) Hydrological
5) None of these

32. A company having offices at different places in foreign countries is called:
1) Multi National
2) Foreign associates
3) Sister Concern
4) Subordinate Office
5) None of these

33. AIDS is caused by a:
1) Fungus
2) Bacteria
3) Virus
4) Either 1 or 2
5) None of these

34. Which of the following is / are major rivers of India?
1) Ganga
2) Kaveri
3) Krishna
4) Narmada
5) All these

35. The Headquarters of the Asian Development Bank is located in...
1) Manama
2) Kuala Lumpur
3) Seoul
4) Manila
5) Bangkok

36. Which of the following is the abbreviated name of the organization working for the welfare of the children?
1) CII
2) CIC
3) CRY
4) PAC
5) None

37. The World Environment Day is observed on which of the following days?
1) July 5
2) June 5
3) April 5
4) May 5
5) None of these

38. Who amongst the following is NOT a member of SAARC?
1) India
2) Pakistan
3) Nepal
4) Sri Lanka
5) Myanmar

39. Neerja Bhanot Award is given for which of the following causes?
1) Promoting literacy
2) Excellence in the field of literature
3) Excellence in the field of cinema
4) Working for empowerment of Women
5) None of these

40. Which of the following is the name of the organization associated with the field of Science and Technology?
1) CASTASIA
2) CLRC
3) GATT
4) APHLC
5) None of these

ANSWERS:

1-3, 2-3, 3-5, 4-5, 5-1, 6-5, 7-3, 8-3, 9-1, 10-5
11-1, 12-5, 13-2, 14-5, 15-3, 16-5, 17-2, 18-5, 19-1, 20-3
21-5, 22-4, 23-5, 24-1, 25-3, 26-3, 27-4, 28-2, 29-1, 30-1
31-2, 32-1, 33-3, 34-5, 35-4, 36-3, 37-2, 38-5, 39-5, 40-1

BANKING AWARENESS PRACTICE QUESTIONS FOR SBI PO EXAM 2014

1. Hawala transactions in India are prohibited under the provision of which of the following Acts?
a) FRBM Act
b) FEMA
c) RBI Act
d) FATF Act
e) Banking Regulation Act

2. Advantages of Mutual Funds are:
a) The transaction cost is very low
b) Provides more security as compared to shares
c) The small amounts gathered will be invested in diversified sectors
d) Professional Management is provided through AMC
e) All of the above

3. Issuing credit cards falls under ___
a) Corporate banking
b) Rural banking
c) Retail banking
d) Micro finance
e) None of these

4. Banks are considered as 'financial intermediaries', which of the following activity correctly and comprehensively explains the role of banks?
a) Accepting deposits of money for the purpose of lending and investment
b) Granting loans to the weaker sections of the society
c) Accepting money for remittance and issuing bank drafts
d) Providing safe deposit services
e) Opening accounts and accepting deposits therein

5. Banks will come across different types of risks in their day to day activities. Which of the following is one such major risk?
a) Customer risk
b) Reputation
c) Goodwill risk
d) Protection risk
e) Operational risk

6. What does the letter 'R' denotes in the abbreviation 'BR Act' which controls banking activities
in the country?
a) Reformation
b) Regulation
c) Reporting
d) Resolution
e) Ranking

7. Which of the following a largest private sector bank in India in respect of Number of branches/ business?
a) AXIS Bank
b) HDFC Bank
c) ICICI Bank
d) Kotak Mahindra
e) None of these

8. When RBI increases CRR/ SLR it is said to be:
a) Tight money policy
b) Easy money policy
c) Open money policy
d) Closed money policy
e) None of these

9. What per cent of Net bank credit are "domestic commercial banks required lending to Agricultural" sector?
a) 12%
b) 18%
c) 15%
d) 40%
e) None of these

10. Which of the following banks was not nationalized in the first phase of Nationalization in the year 1969?
a) Punjab National Bank
b) Oriental Bank of Commerce
c) Bank of Baroda
d) Union Bank of India
e) None of these

11. A savings bank account opened with a commercial bank with zero balance or very minimum balance is known as:
a) Savings bank - ordinary account
b) Student savings bank account
c) No frill account
d) Current account
e) Safe deposit account

12. Personal Accident Insurance Scheme is available for KCC (Kisan Credit Card) holders. Who pay the insurance premium of Rs. 15?
a) Bank Will pay entire premium
b) KCC Holder will pay entire premium
c) Bank and KCC holder will share equally
d) Bank will pay Rs. 10/- and Rs 5/- will be debited to KCC holder's account
e) KCC Holder will pay Rs. 10/- and Bank will pay the balance of Rs. 5/-

13. Which of the following are correct regarding NABARD?
a) It manages Financial Inclusion Fund
b) It operates Rural Infrastructure Development Fund
c) Established on 12th July 1982
d) It is a Micro Finance Regulatory Authority
e) All of the above

14. A nationalized bank is also called by the following name:
a) Private Sector Bank
b) Self Help Group
c) Grameen bank
d) Public Sector Bank
e) None of these

15. Which of the following is incorrect?
a) EXÏM bank is established in the year 1982
b) SIDBI was established in the year 1990
c) National Housing Bank was Created in the year 1988
d) IRDA was established in the year 1980
e) BIFR was established in the year 1987

16. Who headed the committee on financial benchmarks set up by RBI?
a) Y Venugopal Reddy
b) C Rangarajan
c) Bimal Jalan
d) Vijay Kelkar
e) Vijaya Bhaskar

17. ____ is allowed by the Government of India to increase foreign shareholding from 49 per cent to 62 per cent recently.
a) HDFC
b) Axis Bank
c) YES Bank
d) ICICI bank
e) None of the above

18. Which of the following is/ are considered as a valid proof of address while opening an account
with a bank?
a) PAN card
b) Driving license
c) Electricity bill
d) Passport
e) b, c & d

19. The target for providing finance to Weaker Sections, under priority sector stipulated by RBI is ____
a) 10%
b) 18%
c) 32%
d) 40%
e) None of these

20. The need for CTS - 2010 (Cheque Truncation System) is introduced for the purpose of:
a) Attractive designing
b) Uniform in digits
c) Uniform security features
d) To speed up clearing of instruments to help customers
e) Both c and d

21. Who will guarantee cover to the loans given under CGTMSE?
a) IRDA
b) SEBI
c) NABARD
d) RBI
e) SIDBI & GOI

22. Where is the headquarters of the bank for International Settlements (BIS) located?
a) Hong Kong
b) Vienna
c) Mexico City
d) Basel
e) Antwerp

23. QCCP (Pertaining to payment and settlement section Act 2007) stands for:
a) Queried Central Counterparty
b) Qualifying Central Counterparty
c) Qualitative Central Counterparty
d) Quantitative Central Counterparty
e) None of these

24. A Banking Ombudsman can reject a complaint at any stage on which of the following grounds?
a) There is no loss or damage or inconvenience caused to the complaint in the option of the
Banking Ombudsman
b) The compensation sought from the banking Ombudsman is beyond Rs.10 lakh
c) The complaint is not pursued by the complaint with reasonable diligence
d) Any of the above
e) Only 1 and 3

25. In banking terminology difference between interest earned and interest paid is called as:
a) Margin
b) Interest Income
c) Spread
d) Both b & c
e) None of these

26. IBA at its meeting held on 20th August 2014 elected Mr./ Mrs. ___ as Chairman & Managing
Director of IBA for the year (term) 2014-15.
a) VR Iyer
b) HR Kamath
c) Arundhati Bhattacharya
d) TM Bhasin
e) MV Nair

27. SFMS, in banking parlance, stands for:
a) Scheme for Marginal and Small Farmers
b) Super Financial Message System
c) Systematic Financial Messaging System
d) Structured Financial Messaging System
e) None of the above

28. Call money market deals in short term finance repayable on demand with a maturity period varying from:
a) 1 to 30 days
b) 7 to 14 days
c) 14 to 30 days
d) 30 to 60 days
e) 1 to 14 days

29. Which of the following is not a "Money Market Instrument"?
a) Treasury Bills
b) Commercial Paper
c) Certificate of deposit
d) Equity Shares
e) None of these

30. At present Treasury bills are issued by Government of India through auctions with a maturity periods of:
a) 91 days, 182 days, 364 days
b) 20 days, 60 days, 180 days
c) 30 days, 60 days, 180 days
d) 60 days, 90 days, 180 days
e) 90 days, 180 days, 360 days

31. Which of the following organizations provides Credit Rating and Credit History (Information)
of the borrowers?
a) CRISIL, RBI
b) SEBI, IRDA
c) RBI, ICRA
d) IBA, SEBI
e) CRISIL, CIBIL

32. What is Money Laundering?
a) Conversion of assets into cash
b) Conversion of cash into gold
c) Conversion of illegally obtained money into white money
d) Conversion of gold into money
e) None of these

33. "Reinsurance" means:
a) Insuring twice for the same policy holder
b) This meant for only Bank Loan Borrowers
c) This is meant for Public Sector Employees
d) It is a insurance policy issued by IRDA
e) One insurance company insuring with another big and sound insurance company to manage its probable risks.

34. Apex Bank to take care of Agriculture Credit in India is:
a) NABARD
b) Co - operative bank
c) RBI
d) SBI
e) None

35. As per RBI order, against the certificate of Deposit, the ___
a) Loan cannot be granted
b) Loan can be granted
c) Loan can be granted up to 50% of value
d) Loan can be granted up to 75% of value
e) None

36. Which of the private sector lenders introduced its own card 'Kisan Card' through which a farmer can withdraw up to Rs. 1 lakh per day from ATMs?
a) HDFC
b) ICICI
c) Axis Bank
d) Federal Bank
e) Indus Ind bank

37. ___ % Net Bank Credit (NBC) to be given to priority sector lending by foreign banks as per the order of RBI?
a) 50
b) 40
c) 60
d) 12
e) 32

38. Which one of the following is not an authorized means of banking transactions for the people in India?
a) Mobile
b) Online
c) Phone
d) Visiting Individually
e) Video Conferencing

39. For violation of FEMA, prosecution is done by:
a) RBI
b) DGFT
c) FEDAI
d) Enforcement Directorate
e) None of these

40. Loans of very Small amount given to low income group is called?
a) Cash Credit
b) No Frill Credit
c) Rural Credit
d) Micro Credit
e) Simple over Draft

ANSWERS:
1. b; 2. e; 3. c; 4. a; 5. e; 6. b; 7. c; 8. a; 9. b; 10. b;
11. c; 12. d; 13. e; 14. d; 15. d; 16. e; 17. b; 18. e; 19. a; 20. e;
21. e; 22. d; 23. b; 24. d; 25. d; 26. d; 27. d; 28. e; 29. d; 30. a;
31. e; 32. c; 33. e; 34. a; 35. a; 36. c; 37. e; 38. e; 39. d; 40. d;

GENERAL AWARENESS PRACTICE MCQs FOR SBI PO EXAM

1. The ultimate controller of rules of bank deposits is .........
1) SBI
2) Finance Secretary
3) Ministry of Finance
4) Controller of Deposits
5) RBI

2. Important two streams of bank deposits in India ........
1) Functional deposit and Demand deposit
2) Low demand deposit and Demand deposit
3) Term deposit and Flexi deposit
4) Term deposit and Demand deposit
5) None

3. In the term deposit, two important types of bank accounts are .........
1) Savings account and Fixed deposit
2) Fixed deposit and Current account
3) Savings deposit and Current account
4) Fixed deposit and Recurring deposit
5) None of above

4. The highlight of Term Deposit is ........
1) Deposit accepted for fixed term
2) Cumulative rate of interest option
3) No instinct to spend
4) Loan options available
5) All of above

5. Which among the following accounts fetch the highest rate of interest?
1) Savings deposits
2) Recurring deposits
3) Fixed deposits
4) Current account deposits
5) All of above

6. Which of the following option not available in fixed deposits?
1) Cheque facility
2) ATM card
3) Withdrawal form facility
4) Online fund transfer
5) All of above

7. Usually the banks in our country, declare the additional rate of interest to ....... on fixed
deposits.
1) Senior citizens
2) Political parties
3) Educated people
4) Government officials
5) Defaulter of loans

8. Whether joint account can be opened in the fixed deposit?
1) No
2) Yes, but one of the joint account holders must not be bank employee.
3) Yes
4) Yes, but the joint account holders must declare they are not having joint account in the different bank.
5) Yes, but the joint account holders must get permission from RBI.

9. Banks are not permitted to pay commission to employees/ firms/ organizations to mobilize deposits. However banks can pay commission to mobilize deposits to whom as per the present rules of RBI?
1) Non-Governmental Organisations (NGOs)
2) Self Help Groups (SHGs)
3) Micro Finance Institutions (MFIs)
4) Civil Society Organisations (CSOs)
5) All of above

10. Banks allow the prematurity of fixed deposits. Then they usually collect penal rate of interest on .......... for the premature withdrawal of fixed deposits.
1) Principal
2) Rate of interest
3) Minimum deposit amount
4) Maturity amount
5) All of above

11. On 24 January 2013, the RBI revised premature deposit rules of ..........
1) Small savings accounts
2) Small value fixed deposit accounts
3) Big size savings accounts
4) Dollar savings accounts
5) Large value fixed deposit accounts

12. The new rules of large value fixed deposit accounts include ..........
1) Bank can fix the differential interest rates on large size term deposits.
2) Here large value fixed deposit means above 1 crore.
3) For the large value fixed deposits banks should discourage the pre-mature withdrawals.
4) 1 & 2 only
5) All of above

13. Fixed deposits can have ...........
1) Nomination facility
2) Nomination facility with the
permission of Bank Chairman
3) Nomination facility by taking special permission from bank
4) Nomination facility on the day of closing
5) Nomination facility with the permission of person who introduced him to open
account

14. Some time banks offer special term deposits with Lock-in-period. Lock-in-period means .......
1) Locker provided under this deposit
2) Locker facility denied
3) During this period, the deposit holder cannot open another account
4) During this period, banks do not allow the prematurity
5) None of above

15. In the tax saver fixed deposit accounts, the deposit holder saving which tax?
1) Sales Tax
2) VAT
3) Excise Duty
4) Income Tax
5) Property Tax

16. Whether a customer can opt premature of his fixed deposit and deposit the same amount in Savings Account?
1) No, because one cannot cancel the fixed deposit and move the same amount into savings account
2) Yes, but he has to penalty for pre maturity of deposit and also pay penalty to deposit in savings account
3) Yes, as he is free to use that amount in any way
4) No, as one cannot do both fixed deposit and savings deposit transactions in a day
5) None of above

17. A deposit account which enables a depositor particularly in fixed income group to save by paying into the account an agreed fixed sum of money monthly over a stipulated period is called .........
1) Recurring Deposit
2) Fixed Deposit
3) Minor Account
4) Savings Account
5) Corporate Account

18. NBFC (Non-Banking Finance Company) allowed to accept / renew public deposits for a minimum period of 12 months and maximum period of .........
1) 10 months
2) 20 months
3) 30 months
4) 60 months
5) 80 months

19. NBFCs cannot offer interest rates higher than the ceiling rate prescribed by RBI from time to time. As per the present rules, the present ceiling is .........
1) 7.5 percent per annum
2) 10.5 percent per annum
3) 24.0 percent per annum
4) 12.5 percent per annum
5) 16.5 percent per annum

20. On 21 August 2014, RBI in its annual report said that its surplus (profit ) for the financial year 2013-14 come down to ......... percent to Rs.52,679 crore as its interest income from investments in foreign sovereign bonds declined.
1) 12.25%
2) 7.5%
3) 18.5%
4) 20.5%
5) 14.75%

21. On 18 July 2014, Reserve Bank of India (RBI) has allowed raising foreign investment limit
under portfolio investment in Kotak Mahindra Bank to .........
1) 74%
2) 51%
3) 70%
4) 100%
5) 40%

22. Nick Clegg and Arun Jaitley discussed various matters of mutual interest, including the retrospective tax amendment issue on 25 August 2014. Nick Clegg is the .........
1) Vice - president of USA
2) President of France
3) Director General, WTO
4) UK Deputy Prime Minister
5) None

23. A scientific way of measuring, monitoring and managing the various risks that banks or financial institutions are exposed during the course of their operations is called ........
1) Asset Liability Management
2) Public Rating
3) Asset Securitisation
4) Asset Classification
5) Liability Classification

24. CONCOR was granted the Navarathna status on 23 July 2014 by the Department of Public Enterprises under Union Ministry of Heavy Industries and Public Enterprises. CONCOR stands for ..........
1) Charcoal Corporation of India Limited
2) Coal Corporation of India Limited
3) Container Corporation of India Limited
4) Cement Corporation of India Limited
5) None

25. Who is the minister for Ministry of Heavy Industries and Public Enterprises?
1) Ananth Kumar
2) Narendra Singh Tomar
3) Anant Geete
4) Jual Oram
5) None

26. CONCOR was incorporated in March 1988, commenced the operations from .........
1) 1991
2) 1992
3) 1989
4) 2000
5) None

27. Present Chairman and MD of CONCOR?
1) Anil Kumar Gupta
2) Rajiv Rudi
3) V. Verma
4) Cyrus Mystry
5) None of above

28. CONCOR registered office located at .........
1) Hyderabad
2) Pune
3) New Delhi
4) Bangalore
5) None

29. SEBI issued draft regulations for infrastructure investment trusts. As per it the trusts can raise money either through a public issue or a private placement, with a minimum issue size of .........
1) Rs.50 crore
2) Rs.100 crore
3) Rs.300 crore
4) Rs. 250 crore
5) None

30. On 15 July, 2014 SEBI barred B Ramalinga Raju, the founder of Satyam Computers
from accessing the capital markets for ........
1) 10 years
2) 18 years
3) 7 years
4) 5 years
5) 14 years

31. Who was appointed as Chairman of Public Accounts Committee (PAC) on 20 August
2014?
1) Mallikarjun Kharge
2) Rahul Gandhi
3) K.V. Thomas
4) Thambidurai
5) None

32. New Chairman of Central Board of Direct Taxes (CBDT) is .........
1) Rana Kapoor
2) Sidharth Birla
3) Ajay S. Shriram
4) K V Chowdary
5) R Chandrasekaran

33. Granville Austin recently died. He is a .........
1) Famous biologist
2) Notable Indian Constitution expert
3) Nobel laureate
4) Cosmologist
5) None

34. 'The Indian Constitution: Cornerstone of a Nation' written by .........
1) F. Nariman
2) R.M. Lodha
3) Ram Jethmalani
4) Markandey Katju
5) Granville Austin

35. World-renowned yoga guru Bellur Krishnamachar Sundararaja Iyengar died on 20 August 2014. He born in .........
1) Tamilnadu
2) AP
3) Karnataka
4) Bihar
5) Rajasthan

ANSWERS:
1-5, 2-4, 3-4, 4-5, 5-3, 6-5, 7-1, 8-3, 9-2, 10-2
11-5, 12-5, 13-1, 14-4, 15-4, 16-3, 17-1, 18-4, 19-4, 20-5
21-5, 22-4, 23-1, 24-3, 25-3, 26-3, 27-1, 28-3, 29-4, 30-5, 31-3, 32-4, 33-2, 34-5, 35-3

Revolutions in the field of agriculture in India

· Black Revolution - Petroleum Production
· Blue Revolution - Fish Production
· Brown Revolution - Leather/non conventional ( India)/Cocoa production
· Golden Fiber Revolution - Jute Production
· Golden Revolution - Fruits/Overall Horticulture development/Honey Production
· Green Revolution - Food grains
· Grey Revolution - Fertilizer
· Pink Revolution - Onion production/Pharmaceutical (India)/Prawn production
· Red Revolution - Meat & Tomato Production
· Round Revolution - Potato
· Silver Fiber Revolution - Cotton
· Silver Revolution - Egg/Poultry Production
· White Revolution (In India: Operation Flood) - Milk/Dairy production
· Yellow Revolution - Oil Seeds production
· Evergreen Revolution - Overall development of Agriculture 

Schemes Launched by Union & State Governments

Pradhan Mantri Krishi Seenchayi Yojana: 
Pradhan Mantri Krishi Seenchayi Yojana was announced by Prime Minister Narendra Modi . The Yojna has been announced to meet the irrigation needs of all farmers across the country. Sum of 1000 crore rupees has been allocated for implementation of the scheme.

Padho Pardesh scheme for minority community: 
Government has launched a scheme titled, Padho Pardesh, for providing interest subsidy on educational loans for overseas studies for students belonging to the notified minority communities like Muslims, Christians, Sikhs, Buddhists, Jains and Parsis.
Note: The objective of the scheme is to award interest subsidy to meritorious students belonging to economically weaker sections of the notified minority communities so as to provide opportunities for higher education abroad and enhance their employability.

Rashtriya Gokul Mission:
Government has launched the Rashtriya Gokul Mission to promote conservation and development of indigenous breeds in a focused and scientific manner. The mission aims at enhancing milk production, upgrading non-descript cattle using elite indigenous breeds and distribute disease free high genetic bulls.

Govt re-launches Varishtha Pension Bima Yojana: 
The government has re-launched the Varishtha Pension Bima Yojana, for the benefit of citizens aged 60 years and above.
Note: It will provide monthly pension ranging from 500 to 5,000 rupees per month to senior citizens of the country. The Scheme will be administrated by the Life Insurance Corporation, LIC.

SUMMITS HELD IN 2014

1. BRICS summit
Country: Brazil, Russia, India, China, South-Africa.
- 6th BRICS Summit 2014: Fortaleza, Brazil
- Next 7th BRICS Summit to be held in Ufa, Russia
Note: Ufa is the capital city of the Republic of Bashkortostan, Russia, and the industrial, economic, scientific and cultural centre of the republic.
- The theme chosen for our discussions was "Inclusive Growth: Sustainable Solutions”.
New BRICS Bank:
The New Development Bank (NDB), formerly referred to as the BRICS Development Bank, is a proposed multilateral
development bank operated by the BRICS states (Brazil, Russia, India, China and South Africa) as an alternative to the existing
World Bank and International Monetary Fund.
The New Development Bank headquarter will be in Shanghai, China.
The Bank will have a rotating chair and its first President will come from India for the first six years.
The first chair of the Board of Governors shall be from Russia.
The first chair of the Board of Directors shall be from Brazil.
The Bank will also have a regional office in Johannesburg, South Africa.
Participant leaders of the five nations are
• Brazil - Dilma Rousseff
• Russian - Vladimir Putin
• Indian - Narendra Modi
• China - Xi Jinping
• South Africa - Jacob Zuma
Development Capital: The member countries will also set up a $100 billion currency reserves pool to help countries
forestall short-term liquidity pressures.
Note: The bank will begin with a subscribed capital of $50 billion divided equally between its five founders.

2. IBSA Summit: 
India will host the next summit of IBSA (India, Brazil, South Africa) in New Delhi in 2015.

3. Nuclear security summit
· 2nd Summit 2012 – Seoul, South Korea.
· 3rd Summit 2014 : Hague, Netherland
· 4th Summit 2016: United States

4. G 8 Summit:
· G-8 Countries: Canada, France, Germany, Italy, Japan, Russia, Britain and the US
· 40th G-7 summit 2014 held at Brussels.
Note: It was the first time that the EU hosted a G7 summit. The summit is jointly represented by the European Council President Herman van Rompuy and the European Commission President.

5. G 20 Summit:
· G-20 meeting (2014) of Finance ministers and central bank governors held in Sydney (Australia).
· G20 Leaders Summit (2014) will be held in Brisbane, Queensland (Australia, in November 2014.

6. SAARC Summit:
· 18th SAARC Summit 2014- Kathmandu (Nepal)

7. NATO Summit:
 NATO Summit 2014 will be held in Britain. (Britain last hosted the summit in 1990, when Margret
Thatcher was Prime Minister).

8. BIMSTEC Summit:
· 3rd BIMSTEC summit 2014: Nay Pyi Taw (Myanmar)
· 4th BIMSTEC summit will be held in Nepal.
Note: BIMSTEC (Bay of Bangal Initiative for Multisectoral Technical and Economic Cooperation)
BIMSTEC includes 7 countries: Bangladesh, India, Myanmar, Sri Lanka, Thailand, Bhutan and Nepal and aims to create cooperation in multiple sectors including trade, investment and energy.

OTHERS SUMMITS:
1. 18th BASIC Ministerial Meeting held in New Delhi.
BASIC - (Brazil, South Africa, India and China)
Note: 17th BASIC Ministerial Meeting on Climate Change was held in Hanzghou, China

2. ASEAN foreign-minister-meeting held in Myanmar

3. Fifth Indo-US Strategic Dialogue held in New Delhi during which the two sides discussed “transformative initiatives” in key areas of security and energy.

4. 3rd India-Africa Summit will be held in New Delhi

5. 6th International Nuclear Energy Forum ATOMEXPO-2014 held in Moscow

6. World Economic Forum 2014: held in Abuja (Nigeria). Bharti Enterprises founder and Chairman Sunil Bharti Mittal co– chair this year’s edition of the World Economic Forum on Africa.

Important Committees in News

1. G. Padmanabhan Committee: implementation of Bharat Bill Payment System (BPPS)
2. Nachiket Mor committee: for small and payments bank
3. Nachiket Mor Committee: to permits NBFCs to work as Business Correspondents of banks.
4. Deepak Mohanty Committee: on Data and Information Management in the Reserve Bank of India
5. K.K. Mehrotra Committee: to inquire gas leakage in Bhilai Steel Plant.
6. PJ Nayak: to review Governance of Boards of Banks in India. The committee was constituted under the chairmanship of P.
J. Nayak. He is a former Chairman and CEO of Axis Bank.
7. M P Bezbaruah: to suggest suitable remedial measures to address concerns regarding security of people from North East.
8. B. Sambamurthy: panel favours single mobile banking app on all SIMs. Panel recommended that customers should not be
required to visit the bank branch for mobile number registration.
9. Vijay Kelkar Committee was appointed by the Petroleum and Natural Gas Ministry to prepare a road map to make India
self-sufficient in oil and natural gas by 2030.
10. Vishnu Sahay committee: look probe into the Muzaffarnagar communal violence.
11. Urjit Patel Committee - to examine the current monetary policy framework
12. Mukul Mudgal member panel to probe IPL spot-fixing
13. Nachiket Mor - committee on comprehensive financial services for small businesses and low-income households.
14. Justice A.P. Shah committee : to head panel on road safety
15. Anil Kaushal committee: to examine the recommendations made by the TRAI on pricing of Spectrum.
16. Bimal Jalan panel : to scrutinize applications for new bank licenses.
17. Parthasarathi Shome. – for Tax Administration Reform Commission (TARC), Suggest a system to enforce better tax
compliance
18. Kirit Parikh panel : on fuel pricing has suggested that the diesel prices should be increased by Rs 1-1.50 a litre every month
as against the 45-50 paise monthly hike followed currently.
19. K U.B. Rao : the idea of setting up Bullion Bank or Bullion Corporation of India
20. Arvind Mayaram Panel: report on the alleged irregularities at the National Spot Exchange Ltd (NSEL)
21. Arvind Mayaram Committee –for giving clear definitions to Foreign Direct Investment (FDI) and Foreign Institutional
Investment (FII)
22. Suma Verma Committee - to update, and revise the Banking Ombudsman Scheme, 2006

India ranking in different Indexes

1. Human Development Index 2014 – 135
2. Global Environment Performance Index 2014 – 155
3. Intellectual property (IP) environment 2014 – 25 (US ranked on the top followed by UK and France)
4. World Press Freedom Index 2014 - 140 in the list of 180 countries
5. World's best countries for doing business 2014 – 134
6. Global Peace Index 2014 – 143
7. Global Innovation Index 2014 - 76
8. World Prosperity Index 2013 – 106.
9. Global Corruption Index 2013 – 94
10. Global Competitiveness Index 2013 -60 for 2013 (Switzerland
top in this report)

Prime Minister launches 'Pradhan Mantri Jan Dhan Yojana

The 'Pradhan Mantri Jan Dhan Yojana', an ambitious financial inclusion scheme under which the government intends to provide every household with a bank account and insurance cover, was launched by Prime Minister Narendra Modi on Thursday. 

The scheme, about which Modi made the announcement in his Independence Day speech, was launched across the country simultaneously amid his emphasis that it lies at the core of "our development philosophy of 'Sabka Sath Sabka Vikas'". '1.5 crore bank accounts will be opened on first day of Jan Dhan Yojana'

Jan Dhan Yojana, a dream project to open at least one bank account to every household. Noting that 10 crore people do not have bank account, the Finance Minister aims to cover 7.5 crore people under Jan Dhan Yojana by January 25, 2015. As a first step, under the scheme, every account holder will get a 'RuPay' debit card with Rs 30,000 life insurance besides accidental insurance of up to Rs 1 lakh. 

GENERAL AWARENESS PRACTICE MCQs FOR ALL BANK EXAMS

1.    If PAN details are not provide, the TDS is deducted at which of the following rates?

(1) 10%                

(2) 20%

(3) 10% for senior citizens & 20% for others

(4) 10% plus 10% surcharge

(4) None of the above

2.    Who decides on the quantity of coins to be minted?

(1) the Government of India

(2) RBI

(3) Either 1 or 2

(4) All of the above

(5) None of the above

3.    Who can invest in a Commercial Paper?

(1) Individuals

(2) Banking companies

(3) Corporate bodies registered or incorporated in India and unincorporated bodies, Non- resident Indians (NRIs) and Foreign Institutional Investor (FIIs)

(4) All of the above

(5) None of the above

4.    Who among the following has not won the Gold medal in the recently concluded 2014 Commonwealth Games?

(1) Apurvi Chandela                      
(2) Pinki Rani              
(3) Amit Kumar

(4) Sukhen Dey                            
(5) Vinesh Phogat

5.    Recently Ebola has outbreak in four West African countries and 932 people were killed by this virus. Which among the following countries is not the centre of outbreak?

(1) Liberia                          (2) Sierra Leone          (3)   Nigeria

(4) Guinea                         (5) Namibia

6.     Nhava Sheva is the largest container port in India. It is situated in which of the following States?
1) Andhra Pradesh                   
2) Odisha                   
 3) Maharashtra
4) Karnataka                     
5) Gujarat

7.    Who among the following is not a Padma Bhushan award winner in 2014?
1) Leander Paes               
2) P.Gopichand                       
3) K. Radhakrishnan
4) Ruskin Bond                 
5) B.K.S. Iyengar

8.    Karnataka won the Ranji Trophy Cricket for the seventh time by defeating which of the following teams in the final in January 2014?
1) Maharashtra                 2) Punjab                     3) Kerala
4) Mumbai                         5) Baroda

9.    How many languages in India have got classical language status at present?
1) 3                                    2) 2                  3) 6

4) 4                                    5) 5

10.  What is India's rank at the 2014 Environmental Performance Index?
1) 77                                  2) 155              3) 118
4) 73                                  5) 148

11.  Recently Union Government granted Navratna Status to which company ?

(1) Power Grid corporation of India

(2) Nuclear power corporation of India

(3) NALCO                        

(4) Hindustan Aeronautics Limited                        

(5) Container Corporation of India Limited

12.  Who won the Golden glove award in 2014 Fifa World cup ?

(1) Manuel Neuer                           
(2) Lionel Messi                       
(3) Ochua

(4) Micheal Kameani                                  
(5) James Rodriguez

13.  A advisory group of the RBI recommended creating BBPS to facilitate single window to pay all bills. What does BBPS stands for?

1) Bank-Based Payment Services          

2) Broad-Based Payment Services

3) Bharat Bill Provisioning Services        

4) Bharat Bill Provisioning Services

5) Bharat Bill Payment System

14.  FDI Cap in Defence sector has been raised from 26 percent to:

(1) 34 percent                   (2) 41 percent             (3) 46 percent

(4) 49 percent                   (5) 74 percent

15.  Kargil Vijay Diwas is celebrated on?

(1) July 14                         (2) July 18                   (3) 25 July

(4) July 22                         (5) July 26

ANSWERS:

1) 2; 2) 1; 3) 4; 4) 2; 5) 5; 6) 3; 7) 5; 8) 1; 9) 3; 10) 2;

11) 5; 12) 1; 13) 5; 14) 4; 15) 5;